MicroStrategy-Linked ETF MSTR Gained Most Last Week

PFIX, which seeks to hedge against sharp increases in long-term interest rates, was another solid performer last week.

Managing Editor
Edited by: James Rubin

A recently launched fund that seeks to capitalize on surging shares of MicroStrategy Inc.—the company with the biggest bitcoin ownership—gained the most among exchange-traded funds last week as investors piled into rising crypto-related investments.

A Charles Schwab dividend fund pulled in the most new money last week while the world's biggest ETF, the SPDR S&P 500 ETF Trust (SPY), topped outflows.

The YieldMax MSTR Option Income Strategy ETF (MSTY) gained 11% last week, according to etf.com data. The so-called covered call ETF has nearly doubled in price while pulling in $30.5 million since its Feb. 22 launch. 

Serving as a proxy for bitcoin, it follows the fortunes of MicroStrategy, owner of more than $14 billion in the cryptocurrency, according to a recent Bloomberg News article. Investors may see the fund as a safer alternative to bitcoin since it permits only a certain amount of gains.

The Schwab U.S. Dividend Equity ETF (SCHD) added $10.1 billion, or 15%, to lead inflows last week. The $64.5 billion fund was little-changed in terms of performance last week.

The outflows at SPY showed no sign of slowing, as the world's biggest and oldest ETF again led all funds in outflows. Investors pulled $2.58 billion from the $507.2 billion fund, putting the total outflows for this year at $33.5 billion.

Top 10 Weekly Performers, Excluding Leverage/Inverse Funds and <1,000 Shares Traded

TickerNameWeekly PerformanceWeekly VolumeAUM ($, mm)
MSTYYieldMax MSTR Option Income Strategy ETF11.00%615,29230.54
PFIXSimplify Interest Rate Hedge ETF7.45%389,390138.91
SETHProShares Short Ether Strategy ETF6.98%104,8831.70
COPPSprott Copper Miners ETF6.80%124,5931.77
COPXGlobal X Copper Miners ETF5.95%5,991,5481,491.47
ICOPiShares Copper and Metals Mining ETF5.55%81,5525.39
RATEGlobal X Interest Rate Hedge ETF5.24%5,5481.98
GRNiPath Series B Carbon ETN5.16%21,41125.56
UGAUnited States Gasoline Fund LP4.53%92,421112.28
COPJSprott Junior Copper Miners ETF4.46%66,1665.77


Disclaimer: All data as of 6 a.m. Eastern time the date the article is published. Data is believed to be accurate; however, transient market data is often subject to subsequent revision and correction by the exchanges.

Ron Day is Managing Editor at etf.com. He joined the company in October 2022 and previously served as editor and deputy managing editor.

Ron covered business and financial news at Bloomberg News for 20 years, working on the breaking news, technology, commodities, headlines and First Word teams. He was previously senior editor at ESG news outlet Karma Impact and filled the same role at Boundless Impact. He also covered a variety of beats at New Jersey daily papers including the Daily Record in Parsippany, the North Jersey Herald & News and the Asbury Park Press. Ron's freelance work has been published in AARP.com, Investopedia.com and BigThink.com.

Ron is an advocate and fan of literacy. He hopes to one day master his Telecaster, rather than the other way around. His wonderful family includes a 10-lb. malti-poo named Emmy.